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In page Caesarion:

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Octavian may have temporarily considered permitting Caesarion to succeed his mother and rule Egypt (though now a smaller and weaker kingdom), however, he is supposed to have had Caesarion executed in Alexandria in late August, possibly on 29 August 30 BC, following the advice of his companion Arius Didymus, who said "Too many Caesars is not good"[5] (a pun on a line in Homer).[6][7] Surviving information on the death of Caesarion is scarce.[6] Octavian then assumed absolute control of Egypt. The year 30 BC was considered the first year of the new ruler's reign according to the traditional chronological system of Egypt.[citation needed]